VED stands for:

VED stands for: Correct Answer Vital, Essential, Desirable

Explanation: VED analysis is a technique in inventory control. It divides inventory into three groups: vital items, essential items and desirable items.

Related Questions

If ‘→’ stands for ‘+’, ‘←’ stands for ‘−’, ‘↑’ stands for ‘÷’, ‘↓’ stands for ‘×’, ‘↗’ stands for ‘=’, which one, of the following statements is correct?
In the following problem, '=' stands for '÷' , '+' stands for '­' , 'x' stands for '=', '­' stands for '+' and '÷' stands for 'x'. Find the correct equation.